XTX Topco Ltd Purchases New Holdings in JetBlue Airways Co. (NASDAQ:JBLU)

XTX Topco Ltd acquired a new position in shares of JetBlue Airways Co. (NASDAQ:JBLU) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 37,326 shares of the transportation company’s stock, valued at approximately $227,000.

A number of other hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new position in JetBlue Airways during the first quarter worth about $25,000. GAMMA Investing LLC boosted its holdings in shares of JetBlue Airways by 169.8% during the 1st quarter. GAMMA Investing LLC now owns 3,777 shares of the transportation company’s stock worth $28,000 after purchasing an additional 2,377 shares during the last quarter. YHB Investment Advisors Inc. purchased a new stake in shares of JetBlue Airways in the first quarter valued at approximately $30,000. Trust Co. of Vermont acquired a new stake in shares of JetBlue Airways in the second quarter valued at approximately $27,000. Finally, Resonant Capital Advisors LLC purchased a new position in JetBlue Airways during the first quarter worth approximately $74,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Citigroup upped their target price on JetBlue Airways from $5.75 to $6.00 and gave the company a “neutral” rating in a report on Thursday, September 12th. Bank of America upgraded shares of JetBlue Airways from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $3.00 to $6.00 in a research report on Monday, September 9th. Finally, TD Cowen boosted their target price on shares of JetBlue Airways from $5.00 to $6.00 and gave the company a “hold” rating in a report on Friday, September 6th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, JetBlue Airways currently has a consensus rating of “Hold” and an average price target of $6.00.

JetBlue Airways Stock Down 0.2 %

NASDAQ:JBLU opened at $6.42 on Monday. JetBlue Airways Co. has a 52 week low of $3.42 and a 52 week high of $7.58. The company has a quick ratio of 0.50, a current ratio of 0.54 and a debt-to-equity ratio of 1.86. The stock’s fifty day moving average is $5.50 and its two-hundred day moving average is $5.94. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of -2.60 and a beta of 1.90.

JetBlue Airways (NASDAQ:JBLU) last announced its earnings results on Tuesday, July 30th. The transportation company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.26. The company had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.40 billion. JetBlue Airways had a negative return on equity of 10.29% and a negative net margin of 10.18%. JetBlue Airways’s revenue for the quarter was down 8.0% on a year-over-year basis. During the same period last year, the business posted $0.45 EPS. Research analysts anticipate that JetBlue Airways Co. will post -1 EPS for the current year.

JetBlue Airways Company Profile

JetBlue Airways Corporation provides air transportation services. The company operates a fleet of Airbus A321, Airbus A220, Airbus A321neo, Airbus A320 Restyled, Airbus A320, Airbus A321 with Mint, Airbus A321neo with Mint, Airbus A321neoLR with Mint, and Embraer E190 aircraft. It also serves 100 destinations across the United States, the Caribbean and Latin America, Canada, and Europe.